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Shell Unit Completes Acquisition of RISEC Holdings
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Shell Unit Completes Acquisition of RISEC Holdings
Jan 24, 2025 7:58 AM

10:30 AM EST, 01/24/2025 (MT Newswires) -- Shell (SHEL) said Friday its Shell Energy North America unit completed the acquisition of RISEC Holdings, owner of a 609-megawatt two-unit combined-cycle gas turbine power plant in Rhode Island.

Financial details weren't disclosed.

The parent company of RISEC had been 51% owned by funds managed by Carlyle and 49% owned by EGCO RISEC II, a unit of Bangkok-based Electricity Generating Public Co.

The acquisition doesn't affect capital expenditure guidance, Shell said.

Price: 65.75, Change: -0.91, Percent Change: -1.37

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